cost management

Description

The process of planning, monitoring and adjusting the expenses and revenues of a business in order to achieve cost efficiency and capability.

Alternative label

  • cost monitoring

  • managing cost

  • cost supervision

  • cost managing

  • managing costs

  • cost oversight

Skill type

  • knowledge

Skill reusability level

  • sector specific skills and competences

Essential skill/competence of

Optional skill/competence of

Status

released

Concept URI

http://data.europa.eu/esco/skill/7d35602d-bc94-4975-aa7c-f4e8e05ce8e0